People moves: Crater Gold, POMSoX, Puma

Welcome,

New MD at Crater Gold, Acting General Manager at Port Moresby Stock Exchange, new senior appointments at Puma

Stronger kina will affect exporters, say business leaders

Welcome,

The Bank of Papua New Guinea’s move to strengthen the value of the Papua New Guinea kina against the US dollar has taken business by surprise, with some business leaders saying it will impact on primary industry producers.

PNG stock prices fall, but domestics add confidence

Welcome,

2013 was a mixed year for PNG stocks. The Kina Securities Index fell by 14.9% over the year, but was largely influenced by the massive fall in value of the dual-listed Newcrest Mining, the largest company on the Port Moresby Stock Exchange (POMSoX). The Kina Securities Home Index, which excludes overseas stocks, fell only 2%.

Newly-listed Indochine Mining revives Mount Kare gold mine

Welcome,

After a troubled history, the gold mine at Mount Kare in Enga Province was now back on track, Stephen Promnitz, Chief Executive Officer of Indochine Mining, told delegates at the Papua New Guinea Advantage 2103 investment summit this week.

Kina Assets Management Limited returns up: Namaliu

Welcome,

Kina Assets Management Limited (KAML), Papua New Guinea’s first and only listed investment company, has announced a return of 7.2% for the first quarter of 2013.